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967 W 47th St
Los Angeles, CA 90037 Vermont Harbor

$625,000 USD

Apartments For Sale  •  2,803 SF

Property Details

• Property Type Apartments
• Total Building Size 2,803 SF
• Building Class C
• Year Built 1907
• Zoning RD3

60 Transit Score

84 Walk Score

Highlights

A true value-add opportunity with a 4-unit building is centrally located Near Exposition Park

2-Bedroom/1-Bathroom Single Family Home on the lot

The units are separately metered for gas and electric meters, reducing ownership expenses

Low basis pricing at $222/SF and $156,500/Unit for a desirable unit mix

Potential ADU options for ownership to create additional value

Significant upside in rents

Financial Summary (Actual)

Net Operating Income: $25,193 USD (2024)

Total Expenses:

$17,305 USD

Amenities

• 24 Hour Access
• Air Conditioning
• Picnic Area
• Heating
• Recycling
• Trash Pickup - Curbside
• Kitchen
• Refrigerator
• Oven
• Range
• Views
• Freezer
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	12 min	-	6.4 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	6.6 mi
Airport	Drive	Walk	Distance
Los Angeles International	21 min	-	9.8 mi
Long Beach (Daugherty Field)	28 min	-	19.3 mi
Bob Hope	32 min	-	21.6 mi